Default Debacle II, which ended Wednesday, offers many lessons from investors, starting with "Congress can really screw up your portfolio." For that reason, you might want to send your investments overseas.

You may not be the only one tempted to go abroad after the spectacle in Washington. Investors poured a net $2.1 billion into international stock funds the week ended Oct. 9, says the Investment Company Institute, the funds' trade group. But investors yanked $5.2 billion from funds that invest in the U.S.

International funds have gained new money every week since Sept. 25, according to the ICI, while U.S. funds have seen money flee.

Russ Koesterich, chief investment strategist for BlackRock, says the implications for a minimalist debt-ceiling deal — one where the decision is kicked down the road — argues for more international exposure, not less. "The turmoil in the U.S. means international stocks, including those in emerging markets, should continue to outperform."

The past three months, the strongest international fund categories have been China (+12%), Europe (+9.1%) and international small/midcap core (8.8%). Emerging markets funds have gained 6.7%. Funds that track the S&P 500: 1.3%.

Aggressive investors might like a global technology fund (up an average 7.8%). Tech funds typically do well in the fourth quarter, and a global tech fund would give you the best here and abroad.